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The odds are much longer than you imply for most entrants. Half of the units are spoken for by the most “senior” of the entrants, so you have 2,400 units competing for 100 slots. It has reached the point where you’re better off buying California lottery tickets with your money…

@DanRH – 2 unit buildings can convert as of right. Anything above is not weighted by quality or anything else, but you get extra entries for each lottery in which you were declined. That’s why first time entrants very seldom win.

@Jeremy, just to clarify your response a bit, 2 unit buildings can convert without going through the lottery if the building has a clean eviction history, and the 2 units have each been owner occupied for a period of one year by separate non-married individuals.

@ezcrusin. This question comes up all the time on here. I could tell you, but I think you should do the following. When it comes to condo conversion questions it is best to Google real estate professionals in San Francisco, such as G3MH: http://www.g3mh.com/category/articles/ or Jeff Woo (www.mypropertyrightscom –once he gets his new website up– ). Because when you pose questions to this site you will have knowledgeable people weigh in here. But they will sometimes not be thorough. You will also have people who shouldn’t be talking saying things, creating confusion and mixed messages. So don’t bother. Go to a real source.